Africa-Press – Mozambique. Year-on-year inflation slowed down in Mozambique for the first time since March, the National Statistics Institute (INE) announced in its Consumer Price Index (CPI) for September, published yesterday.
Year-on-year inflation stood at 12.01% in September, a slight drop of 0.09 percentage points from 12.1% in August. The fall is so slight that it could be said that prices have stagnated.
The last time this happened was in March of this year, when inflation retreated just 0.17 percentage points, but returned to its upward trend in April.
In monthly terms, prices grew 0.64%, contributing to an accumulated inflation of 8.32% by the end of the third quarter.
In one of the most recent forecasts, Standard Bank anticipated that peak inflation may have been registered in August, forecasting a slow down to the end of the year, with Mozambique ending 2022 with inflation of 11.7%.
For its part, consultancy Oxford Economics Africa predicts that inflation will remain above 12% by year-end.
The food and non-alcoholic beverages division contributed the most to the increase in prices in Mozambique during September.
The Consumer Price Index values are calculated by the INE from the price of a basket of goods and services, with data collected in Maputo, Beira and Nampula cities.
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